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For Buyers: Fayetteville, Fort Bragg and Hope Mills North Carolina home buying, real estate listings, and homes for sale in Cumberland County, NC

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Foreclosures >2. What Is a Bank Owned Property?

When a home owner misses payments on his or her mortgage, the loan becomes default and the home or property becomes distressed. What happens next depends on an appraisal and the equity of the home. If short sale isnt a viable option for the home owner and the lender, the foreclosure process takes over and the home or property goes up for foreclosure auction.

A bank-owned property (also referred to as a "real estate owned" or "REO" property) is one that was up for sale at a foreclosure auction but did not sell and therefore now belongs to the lender (usually a bank, but can also be any government agency or loan insurer.)

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Q	How much does a celebrity's name boost the price of a property?
A	Typically no more than 5 percent, but there are exceptions--the greater the fame, the higher the price!
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Jennifer Morales, REALTORŽ, real estate agentss and broker for Fayetteville, Fort Bragg and Hope Mills North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

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Re/Max Premier, Fay, NC-Re/Max Masters, Augusta
150 N McPherson Church Road, Fayetteville, NC
4316 Washington Rd, Evans GA 30809
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Jennifer Morales NC: 910-237-3411
Jennifer Morales-GA: 706-421-9440
Mary Bauder: 910-584-5490 Fayetteville
Shelly Fritz: 910-916-0017 Fayetteville
Charlotte Horne: 910-723-2153 Fayetteville
Email: Fayetteville NC: onlinehomes4you@gmail.com
Email: Augusta GA: myaugustahomeagent@gmail.com
Who is really Number One? OUR CLIENTS! We are committed to serving you! We understand the stress of moving, we also understand that a home is more than a house. It is a place we bring our dreams to life and where memories live. A place we raise our children, the nest we nudge them out of then welcome them back again and again. It is a place of our own. We listen and act accordingly.We get to know you personally and make it our business to ensure that you get the BEST. So let us guide you through all your real estate journeys, whether it is Selling, Buying,or Relocating. Re/Max Masters-Augusta,GA,Evans GA Re/Max Premier-Fayeteville, NC SELLING HOMES TODAY FOR YOUR TOMORROW!!! Serving Fayetteville, NC, Hope Mills, NC, Fort Bragg, NC, Cameron, NC, Sanford, NC Raeford, NC, Lillington, NC, Spring Lake,Eastover, Grays Creek, Cumberland County, Harnett County, Hoke County. Augusta, GA, Evans, GA, Grovetown, GA, Fort Gordon, GA, Columbia County. www.ViewFayettevilleHomes.com www.OnlineAugustaHomes.com

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